Glencore and Rio Tinto strike gold on high commodity prices Mining Rio Tinto and Glencore have posted near-record updates thanks to this year’s sky-high commodity prices and the uncertainty wrought by the Middle East conflict. Mining juggernaut Rio Tinto notched a 43 per cent jump in profit over the first six months of the year, pointing to persistently elevated metals prices and the ambitious efficiency programme [...]
City law firm lands record £36bn BHP case Legal City-based law firm Quinn Emmanuel has been appointed to lead litigation on a £36bn claim against BHP, one of the largest class action claims in UK history. Another London-based law firm, Pogust Goodhead, is leading the claim against the mining giant over a 2015 collapse of a dam in Brazil, and said on Wednesday it [...]
Global tech stocks plunge as SpaceX comes back down to earth Markets Global tech stocks have been rocked by a widespread sell-off today after investors dumped shares in SpaceX and triggered a rout across markets. Asian markets sank overnight, with South Korea’s Kospi falling 8.3 per cent leading to the stock exchange forcing a trading-halt as investors dashed to sell-off their chip exposure. Much of this stemmed [...]
Mining boss: Platinum to become a central bank reserve asset June 18, 2026 Central banks could turn to platinum as the next frontier of their shift to bolster reserves with precious metals in favour of the US dollar, the boss of a leading miner has predicted. Valterra Platinum chief executive Craig Miller said that the world’s reserve banks are increasingly likely to view platinum as a safe haven [...]
Anglo Asian to keep Aim listing ‘under review’ in push to treble copper output May 27, 2026 An Azerbaijani miner has said it was keeping its listing on Aim under regular review as it seeks to evolve into a mid-market commodities group that is on course to more than treble its copper output over the coming year. Anglo Asian vice president Stephen Westhead told City AM that while the company was “currently [...]
Ferrexpo: Miner taps Ukrainian oligarch for $100m equity lifeline April 28, 2026 Cash-strapped London-listed Ukrainian miner Ferrexpo confirmed today that existing investors are prepared to throw it a $100m lifeline as the former FTSE 250 stalwart scrambles to stay in business. It plans to issue new shares to raise the cash. But the time needed for the scheme will delay publication of its annual accounts for last [...]
Gold and silver surge as Hochschild helps London’s mining stocks shine April 22, 2026 Hochschild Mining revealed a near 40 per cent rise in the average price of the gold it produces this morning, burnishing the appeal of a sector with a long history in the City. The news propelled shares in the £3bn, 100-year-old firm onto the leaderboard of the FTSE 250. Hochschild’s stock strode over 2% higher [...]
Rolls-Royce shares boom amid hopes of trade resumption April 8, 2026 Shares in the retail stock darling Rolls-Royce skyrocketed as investors went back to bullish ways on news of a ceasefire in the Middle East. The stock price for the engineering giant soared by as much as 10 per cent as trading opened. It meant the stock hit 1,259.80p. The jump in the share price will [...]
UK lithium miner taps up wealthy backers March 3, 2026 A UK-based lithium miner targeting production in the North East is planning to raise £3m from rich backers and retail investors, ahead of an anticipated £30m fundraise later this year. Northern Lithium, which is looking to extract lithium from the Ludwell Farm site in County Durham, said the funding would come from existing shareholders and [...]
FTSE 100 Live: Centrica profit falls; Stocks dip after record rally February 19, 2026 Good morning and welcome back to the City AM liveblog. It’s been quite the week for the “old and unexciting” FTSE 100. The blue-chip index closed 1.2 per cent higher on Tuesday led by a rally in the mining sector. Antofagasta led the pack up over 10 per cent, which came a day after its [...]